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Problem # 1 Assume that you are planning a trip to Tokyo next week. You currently have $ 6 0 0 0 cash and exchange
Problem # Assume that you are planning a trip to Tokyo next week. You currently have $ cash and exchange the dollar currency for Japanese Yen at XYZ Global Bank. The current bid for Japanese Yen is per $ and the ask rate is per $ What is the bidask spread? What is the Yen value "purchased" upon the exchange? Problem # Use the facts as the above problem. Assume that you have to suddenly cancel your trip. minutes after you exchange your dollars for Yen, you return to XYZ Global Bank and exchange the Yen for US dollars. What is the dollar value "purchased" upon the exchange?
Problem #
Assume that you are planning a trip to Tokyo next week. You currently have $ cash and exchange the dollar
currency for Japanese Yen at XYZ Global Bank. The current bid for Japanese Yen is per $ and the ask rate is per
$
What is the bidask spread?
What is the Yen value "purchased" upon the exchange?
Problem #
Use the facts as the above problem. Assume that you have to suddenly cancel your trip. minutes after you exchange
your dollars for Yen, you return to XYZ Global Bank and exchange the Yen for US dollars.
What is the dollar value "purchased" upon the exchange?
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